RedStaR

GBP/USD: October/November 2013 Forecast

FX:GBPUSD   British Pound/U.S. Dollar
513 0 0
Price broke through resistance line, and now lies in the pair's supply zone.

Price currently looks to ease off with a retracement to previous resistance line which is now support, before getting off a final rally to strong supply levels and a potential PRZ on the daily crab .

Pair is set to retrace back touching both the red and blue channel lines, before the FOMC decides to taper, then it's very bearish on the break after that.
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